VIDEO: Social Security Act Signing Anniversary

The Social Security Act was signed into law by President Roosevelt on August 14, 1935. It was a landmark piece of legislation for its time. In addition to several provisions for general welfare, the new Social Security Act created a social insurance program designed to pay retired workers age 65 or older a continuing income after retirement.

To recognize this important event, the Social Security Administration produced a video about what happened that day. It’s short and worth a watch.

The Seniors Trust is committed to improving the financial well-being of older Americans through the passage of the Social Security Expansion Act. It will give retirees an immediate benefits increase of about $200 a month, a fair annual cost-of-living adjustment (COLA), increased minimum benefits, and ensure the long-term solvency of the Social Security program.